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SEBI Reg No: INH000023728
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Bharat Stock Market Research SEBI Registration No. INH000023728
Compliance & Legal / Refund Policy
Ref: BSM-REFU Revised: Jan 07, 2026

Refund Policy

Transparent statutory refund framework detailing conditions for pro-rata processing of fees for unexpired periods under regulatory directives.

Refund Eligibility

  • ✓ Allowed exclusively for the unexpired portion of your active subscription.
  • ✓ Calculated on an accurate pro-rata timeframe basis.
  • ✓ No hidden penalty or breakage fees are applicable.

Non-Refundable Cases

  • ✗ Partial month usage fields are non-refundable.
  • ✗ No compensation or reversal claims on historical research reports consumed.

Regulatory Actions & Suspension

If the Research Analyst's SEBI registration is suspended for more than 60 days or permanently cancelled, all active subscriptions will be systematically calculated and outstanding unexpired balances refunded safely to clients.

Processing and Timelines

Refund processing is channeled back strictly through the original financial transaction gateway architecture.

Standard Processing Timeline 5 - 7 Business Days

SEBI Registered Intermediary Details

Registered Name: Bharat Stock Market Research
Type of Registration: Proprietorship
Registration Validity: Oct 31, 2025 - Oct 30, 2030
SEBI Registration No: INH000023728 (Proprietor: Namita Rathore)
BSE Enlistment Number: 6838

Regulatory Disclaimers & Warnings

Disclaimer: Registration granted by SEBI (Securities and Exchange Board of India), enlistment of RA with BSE (Bombay Stock Exchange) and certification from NISM (National Institute of Securities Markets) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Standard Warning: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

© 2026 Bharat Stock Market Research (SEBI Reg: INH000023728). All rights reserved.

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